Air Products & Chemicals Rises 1.16% on Heavy Volume: Watch For Potential Pullback
Air Products & Chemicals (NYSE:APD) traded in a range yesterday that spanned from a low of $133.46 to a high of $134.03. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $133.27 on volume of 314,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Air Products & Chemicals share prices have been bracketed by a low of $114.64 and a high of $157.84 and are now at $133.96, 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Air Products & Chemicals. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Air Products & Chemicals in search of a potential trend change.
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